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Management
E. Greg McCartney is president & director. He is owner & director
of Aspenwood Holdings Corp., a business consulting firm specializing
in developing companies in technology & manufacturing industries.
.... Dr. Paul R. Ervin, Jr. PhD, director, is founder & president
of Biotherapies, Inc., founder & managing director of the Mammastatin
Research Institute, & former research scientist at the University
of Michigan's Cancer Research Institute. He is credited with the
discovery of mammastatin as a protein that controls breast cancer
growth. He is currently conducting FDA clinical tests on the mammastatin
diagnostic & therapeutic product lines. .... Dr. Ian B. Woods, PhD,
MD is VP operations & director. He is senior founding partner of
Burke Mountain Medical Centre in Port Coquitlam, Canada. He also
served for the past 20 years on the Medical Advisory, Pediatric
Advisory, & Medical Manpower Committees at the Royal Columbian Hospital
in New Westminster, Canada. .... Lawrence J. Pasemko is secre-tary/treasurer/director.
He is the owner of Tynehead Capital Corp,. a management & consulting
firm specializing in assisting start-up & development stage businesses.
He has over 30 years experience in business management, marketing,
& administra-tion.
Financial Status (9/30/98)
Current Assets: $92,000
Total Assets: $1,013,000
Current Liabilities: $152,000
Long Term Debt: -0-
Shareholders Equity: $871,000
* The joint venture & BILB await FDA sanction of the product prior
to starting to sell test kits.
Recommendation
I recommend BILB for both midterm & long-term apprecia-tion. I
feel this situation is on the brink of significant growth. Its research
indicates that its MSA kit will find wide acceptance by both consumers
& medical professionals. Rosanne says: "Any substitute such as a
blood test would be far more acceptable to women. The mammogram
procedure is very uncomfortable." Here are other things I like:
- FDA "sanction" in the works -- improves credibility
- Simple, convenient test for risk of breast cancer
- Replacement therapy offers new approach
- Worldwide market is huge
Contact
The company is at 1A - 3033 King George Hwy, Surrey, BC, Canada
V4P 1B8. Call 604-542-0820; fax 604-542-0821. www.biola-bs.com or
www.marketmanagement.com For broker & investor data, call Dewayne
Lockhart, Capital Media Group at 704-365-9147. e-mail: cmgir@worldnet.att.net
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Important
Strategies
These comments apply to every situation mentioned in Conservative
Speculator. Special situation, low-priced, micro-cap, & high-gain-potential
stocks have high risk. Fortunately, not many speculative situations
turn out to be disasters, but some do -- that is a risk you must
accept. "Winning Investment Strategies," my 60-page guide to speculative
investing, is made available to every regular CS subscriber. Stated
extremely briefly, here are three of my most important strategies:
(1) Be prudent -- the total funds allocated to speculative stocks
should be limited to a small percentage of your cash, certainly
no more than you could lose without discomfort. I then suggest no
more than 5% of that small portion be invested in any one stock,
to spread your risk. ....
(2) Do not accept my opinion as the reason to invest. Call the
company. Get a feel yourself. If you are not totally comfortable,
pass. I give you an ample number of possibilities. My task is to
expose you to potentially profitable situations. You have the responsibility
of making any investment decision. Do not give up that responsibility.
(3) Since in a monthly newsletter it is not possible to tell you
when to sell, apply a moving stop-loss strategy. If the price goes
up, raise your stop-loss guideline point to something like 20% below
the new price. Keep doing that as the price rises. If the price
goes down to your stop-loss point, grit your teeth & sell. This
limits loss, but lets profits increase.
Update Briefs
These are capsule updates on previously recommended companies
that provided us with substantive news during the past month. I
also include updates on some Sneak Previews where our investigation
has resulted in additional pertinent information. I do not have
room for all details, but always include the company's phone number
so you can follow through.
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